Can I retire at age 60 with 16,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,269,910
2 years$666,356$653,946$641,918$630,257$618,945$589,012
3 years$439,824$427,361$415,363$403,811$392,684$363,628
4 years$326,581$314,155$302,278$290,923$280,066$252,109
5 years$258,653$246,302$234,580$223,457$212,901$186,124
6 years$213,382$201,124$189,576$178,700$168,462$142,890
7 years$181,058$168,903$157,538$146,919$137,004$112,643
8 years$156,827$144,781$133,605$123,247$113,658$90,498
9 years$137,990$126,058$115,074$104,979$95,717$73,740
10 years$122,929$111,114$100,324$90,493$81,556$60,738
11 years$110,615$98,918$88,324$78,756$70,140$50,454
12 years$100,360$88,784$78,385$69,080$60,782$42,195
13 years$91,690$80,235$70,032$60,987$53,003$35,481
14 years$84,265$72,931$62,924$54,137$46,462$29,969
15 years$77,835$66,624$56,812$48,281$40,909$25,406
16 years$72,215$61,126$51,508$43,230$36,156$21,603
17 years$67,261$56,295$46,870$38,842$32,058$18,417
18 years$62,863$52,019$42,787$35,005$28,505$15,734
19 years$58,932$48,211$39,169$31,630$25,407$13,467
20 years$55,399$44,800$35,948$28,647$22,694$11,543
21 years$52,206$41,729$33,065$25,999$20,308$9,908
22 years$49,307$38,953$30,474$23,639$18,204$8,513
23 years$46,665$36,432$28,138$21,528$16,341$7,322
24 years$44,246$34,134$26,023$19,635$14,687$6,302
25 years$42,024$32,033$24,102$17,932$13,216$5,429
26 years$39,976$30,106$22,353$16,396$11,905$4,679
27 years$38,084$28,333$20,757$15,008$10,733$4,035
28 years$36,329$26,698$19,296$13,750$9,685$3,481
29 years$34,699$25,187$17,957$12,609$8,745$3,004
30 years$33,180$23,786$16,726$11,572$7,902$2,593
31 years$31,762$22,486$15,593$10,628$7,144$2,239
32 years$30,435$21,276$14,549$9,768$6,462$1,934
33 years$29,191$20,149$13,584$8,982$5,848$1,671
34 years$28,023$19,097$12,692$8,264$5,295$1,444
35 years$26,924$18,113$11,867$7,608$4,796$1,248
36 years$25,888$17,192$11,101$7,007$4,345$1,078
37 years$24,911$16,328$10,390$6,456$3,938$932
38 years$23,987$15,518$9,730$5,950$3,570$806
39 years$23,113$14,756$9,116$5,486$3,238$697
40 years$22,285$14,039$8,544$5,060$2,937$602
41 years$21,499$13,364$8,012$4,669$2,664$521
42 years$20,752$12,727$7,515$4,309$2,418$450
43 years$20,042$12,126$7,052$3,978$2,194$390
44 years$19,367$11,559$6,620$3,673$1,992$337
45 years$18,723$11,023$6,216$3,392$1,808$291
46 years$18,109$10,515$5,838$3,133$1,642$252
47 years$17,523$10,035$5,485$2,895$1,491$218
48 years$16,963$9,579$5,154$2,675$1,354$189
49 years$16,427$9,148$4,845$2,472$1,229$163
50 years$15,914$8,738$4,555$2,285$1,117$141

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $16,300,000, adding $4,666 every year, while hoping to spend $39,603 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 74/12/14 Blend
59$16,300,000$16,300,000$16,300,000$16,300,000
60$17,967,413$17,103,513$16,850,863$19,242,793
61$19,757,952$17,899,448$17,373,230$20,882,756
62$21,729,798$18,733,056$17,911,768$22,673,727
63$23,901,404$19,606,142$18,466,979$24,634,983
64$26,293,101$20,520,597$19,039,376$26,783,418
65$28,927,295$21,478,404$19,629,493$29,137,628
66$31,828,673$22,481,640$20,237,875$31,718,088
67$35,024,443$23,532,485$20,865,089$34,547,339
68$38,544,582$24,633,223$21,511,715$37,650,201
69$42,422,126$25,786,247$22,178,354$41,054,001
70$46,693,478$26,994,069$22,865,625$44,788,832
71$51,398,754$28,259,319$23,574,164$48,887,829
72$56,582,158$29,584,757$24,304,630$53,387,484
73$62,292,402$30,973,274$25,057,699$58,327,983
74$68,583,165$32,427,902$25,834,070$63,753,582
75$75,513,599$33,951,821$26,634,463$69,713,023
76$83,148,889$35,548,363$27,459,620$76,259,990
77$91,560,865$37,221,022$28,310,306$83,453,610
78$100,828,682$38,973,461$29,187,311$91,359,008
79$111,039,568$40,809,521$30,091,446$100,047,917
80$122,289,644$42,733,228$31,023,550$109,599,352
81$134,684,836$44,748,804$31,984,486$120,100,347
82$148,341,869$46,860,675$32,975,146$131,646,778
83$163,389,374$49,073,482$33,996,448$144,344,256
84$179,969,097$51,392,091$35,049,336$158,309,124
85$198,237,244$53,821,602$36,134,788$173,669,547
86$218,365,948$56,367,366$37,253,809$190,566,714
87$240,544,898$59,034,989$38,407,434$209,156,171
88$264,983,128$61,830,354$39,596,733$229,609,274
89$291,910,990$64,759,625$40,822,807$252,114,809
90$321,582,332$67,829,267$42,086,792$276,880,759
91$354,276,887$71,046,059$43,389,857$304,136,266
92$390,302,922$74,417,107$44,733,209$334,133,783
93$430,000,140$77,949,866$46,118,092$367,151,452
94$473,742,894$81,652,149$47,545,788$403,495,718
95$521,943,715$85,532,151$49,017,618$443,504,215
96$575,057,210$89,598,462$50,534,944$487,548,945
97$633,584,351$93,860,092$52,099,170$536,039,778
98$698,077,207$98,326,489$53,711,745$589,428,315
99$769,144,153$103,007,557$55,374,158$648,212,135
100$847,455,613$107,913,685$57,087,950$712,939,488